Disney+, Coinbase, Slack and other websites were taken down for some users as a result of the AWS outage.
“We are seeing improvement in availability across most AWS services,” the notice stated. “We continue to work toward full recovery for all impacted AWS Services and API operations.”
Among the services that reported issues as a result of the outage were Disney’s streaming subscription service, Disney+, Netflix, Slack, Ticketmaster, stock trading app Robinhood, and Coinbase, the largest cryptocurrency exchange in the U.S.
The outage also brought down critical tools used inside Amazon. Warehouse and delivery workers, along with drivers for Amazon’s Flex service, reported on Reddit that they couldn’t access the Flex app or the AtoZ app, making it impossible to scan packages or access delivery routes.
Bitcoin Vs Gold: Peter Schiff Vs Anthony Scaramucci.
Peter Shiff makes several points about gold:
Gold: it has physical properties that makes it real and valuable. It’ll never lose its value. Gold has a long history and has been used for thousands of years.
Peter Schiff makes several points against bitcoin:
Bitcoin is not anything real. It’s just a string of numbers.
It has no real value because there are no properties that makes it valuable.
It is a bubble ready to explode because there’s no value in hanging onto bitcoin because there’s no utility for it outside of selling it to someone else for a higher price.
Anthony Scaramucci didn’t make an argument against gold necessarily but defended bitcoin. :
Bitcoin is guarded against inflation. The value of Bitcoin doesn’t depreciate like the dollar bill does. If you leave $100.00in the bank today it’ll actually be worth less due to inflation.
Bitcoin is the currency of the future because we are becoming a more digitized society.
The value in bitcoin is it is largely user driven. The users of Bitcoin has grown exponentially.
Question: is something valuable because enough people believe it’s valuable or is something valuable because of the properties that makes it valuable?
Peter Schiff and Anthony Scaramucci debate Bitcoin vs. Gold.
This debate is a part of Intelligence Squared Crypto a new series from Intelligence Squared debating the rise of cryptocurrency and future of money.
Since the world economy was plunged into crisis due to COVID-19 many economists have predicted a period of great instability. In normal times, investors would seek to hedge against volatility by buying gold. But this time, some are putting their money elsewhere – into Bitcoin and other digital assets. And that raises a fundamental question: will Bitcoin or gold be the trusted store of value and asset of the future in a time of rising inflation?
Anthony Scaramucci and Peter Schiff go head to head to debate. The host is Anne McElvoy.
This debate series is in partnership with EQONEX. Register to be in the virtual audience for our next debate on ‘banking the unbanked’ and you’ll also be in with the chance to win a share of $5,000 EQO.
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People and companies are betting on life becoming more digitized and the much-hyped, little-understood metaverse taking off; virtual land is becoming as much of an investment as physical land, and if current trends continue, may stand to give early adopters a huge payout. Metaverse Group chose its plot of land very intentionally, and knows exactly what use it will be put to; located in Decentraland’s Fashion Street district, the space will be used “to facilitate fashion shows and commerce within the exploding digital fashion industry.”
Let’s back up a bit. Decentraland is a decentralized virtual world built on the Ethereum blockchain, with “decentralized” obviously being the key word and the platform’s big differentiator. “The people who use Decentraland own Decentraland,” Dave Carr, communications lead for the platform, toldEuronews Next. “We have a decentralized autonomous organization in which people can submit proposals and vote on proposals submitted by others. And this effectively determines the future direction of Decentraland.”
Facebook, now Meta, aims to rule the metaverse of the future, but it seems likely that people will gravitate towards platforms like Decentraland precisely because they’re not owned or controlled by a centralized authority. Facebook hasn’t done a great job of earning its users’ trust, and it could take a long time for the company to turn consumer sentiment around. Meanwhile, Decentraland’s emphasis on autonomy and the lack of a single powerful decision-maker may be just what virtual world enthusiasts are looking for.
Google’s cybersecurity team warns that this is neither the first nor the last time.
Cryptomining is a very energy-intensive process with analysis by the University of Cambridge showing that Bitcoin consumes more electricity than the entire country of Argentina. Now, Google has released a new report stating that malicious cryptocurrency miners are using hacked Google Cloud accounts for mining purposes.
The report is called “Threat Horizons” and it aims to help organizations keep their cloud environments secure.
“While cloud customers continue to face a variety of threats across applications and infrastructure, many successful attacks are due to poor hygiene and a lack of basic control implementation. Most recently, our team has responded to cryptocurrency mining abuse, phishing campaigns, and ransomware,” wrote Google in an executive summary of the report.
“Given these specific observations and general threats, organizations that put emphasis on secure implementation, monitoring, and ongoing assurance will be more successful in mitigating these threats or at the very least reduce their overall impact.”
Back in April, it was reported that Akon planned to build a futuristic “Akon City” in Uganda. Along with Akon City, Akon launched AKOIN, his very own cryptocurrency.
According to the AKOIN website, which includes Akon City details and explains how it fits into the “I’m So Paid” singer’s efforts to bring resources and technological opportunities to Africa, AKOIN is “a cryptocurrency powered by a blockchain based eco-system of tools and services designed for entrepreneurs in the rising economies of Africa.”
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The CEO of Tesla and SpaceX is not only the world’s richest person, but he’s also worth more than Warren Buffet and Bill Gates combined! Stay tuned to find out what other billionaires think of Elon Musk and subscribe to Futurity.
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It’s a web of endless possibilities, but there’s a chance we might find ourselves interwoven in the same old web of Big Tech.
The emergence of blockchain-based technologies such as cryptocurrency, NFTs, metaverse, blockchain, and distributed ledger technology, etc is being seen as the herald of a new era of the internet — a more transparent and open version of the web that would be collectively controlled by users, instead of tech giants like Google and Facebook.
Some experts believe this decentralized Web, which is also referred to as Web 3.0, will bring more transparency and democratization to the digital world. Web 3.0 may establish a decentralized digital ecosystem where users will be able to own and control every aspect of their digital presence. Some hope that it will put an end to the existing centralized systems that encourage data exploitation and privacy violation.
More than 30 years have passed since the World Wide Web first came into existence, and over this course of time, the world of the internet has gone through various stages of development. There is no textbook definition of Web 3.0, but by going through these stages, you can have an idea of how Web 3.0 may shape the future of the internet experience.
Many are calling decentralized finance, or DeFi, the “Wild West of finance.” This fast-growing industry aims to provide automated banking services for cryptocurrencies to everyone, with no middle men. But DeFi is still in its early stages, which means there are risks. WSJ explains. Photo illustration: Tammy Lian/WSJ
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